8%+ yield backed by improving REIT fundamentals
I opened a small position in CTO for its 8%+ yield and improving fundamentals—95.9% occupancy, FFO payout down to 77.5%, 2020–2025 revenue CAGR ~21% and $1.4B in acquisitions—while accepting small‑cap and higher‑leverage risks (net debt ≈$600M, net debt/EBITDA 6.4).
CTO's 95.9% occupancy, 77.5% FFO payout ratio, ~21% revenue CAGR from 2020-2025, and $1.4B in acquisitions support durable dividend coverage, with 8% AFO growth guided for 2026. Small-cap risks and net debt/EBITDA of 6.4x are accepted as a fair trade-off for the yield profile.
Publish-day $19.10 · 04/076mo
"8% Dividend Stock with Growth: My Newest Holding"